I don’t think there’s anything wrong with using indicators. The only thing that matters is success. If you are able to do this without indicators go ahead . I always prefer following a mixed approach, hybrid of both indicators and study.
Knowledge is really very important. When we do automated trading we rely on the skills of another trader who has created that signal or indicator. Having a sound knowledge yourself can really help you make profits by setting the right parameters for ...
One should only take the risk of trading without indicators if he is really confident in his strategy. I feel that using indicators makes the market more clear and there’s no harm in it if you know how to interpret the signals properly.
I too feel that a blended approach is good. Since both manual trading and automated trading have some perks as well as downsides, if we completely rely on manual trading, it gets really hard to keep the psychological aspect out of trading.
Study basically means analysing the market in order to make profitable buy and sell decisions. This analysis includes both technical and fundamental. It is done to predict which currency is likely to be stronger for a given period of time. Traders ...